Bus prac 1.7

Obtaining Finance


Lesson 1 Lesson 2 Lesson 3 Lesson 4 Lesson 5 Lesson 6 Lesson 7 End of Unit Test

Lesson Objectives

Understand the range of finance options available to a business (C)
Describe the difference between short term finance and long term finance (D)
==Be able to advise a business which kind of finance options suit their needs (B/A)

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Research business bank accounts - what advice would you offer to a small business regarding their banking when starting up

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Starter (5 mins)

FAIL

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==In your book......Write YOUR Definition of Finance

Key Words (10 Mins)
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==Add these to your keywords spreadsheet/write in your book Screen Shot 2013-12-10 at 09.18.54.png

Task (15 mins)
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Take the coloured sources of finance and split them into a table showing short term and long term finance

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Question (12 marks) 25 mins

Fred & Sally are both dentists. They are looking to form a partnership and open an NHS dentist in town. They will need to raise a significant sum to do this. Discuss the most suitable sources of finance they could use to fund their partnership.

Plenary (5 mins)

SAIL

Write a revised definition of finance....